September 16, 2019

BCI Q2/2019: EuroCham Members Remain Upbeat about Doing Business in Vietnam

European business leaders remain confident about doing business in Vietnam and optimistic about the future prospects of the country’s economy, according to new data from EuroCham’s Business Climate Index (BCI) survey.

The BCI, which is sent to EuroCham’s one thousand members each quarter, shows how European enterprises and investors view the prospects of their own companies and Vietnam’s broader macroeconomic trade and investment environment. Overall sentiment rose slightly in the second quarter of 2019, increasing by one point on the previous quarter to reach 80 percent. However, this is slightly below the record-highs seen in the second half of 2018.
 
Regarding the health of their own companies, 65% of respondents said that their business status was either “Good” or “Excellent”. Just 8% said that their business was in poor health. Looking ahead to the next quarter, EuroCham members are optimistic about their future prospects of their enterprises. Around two-thirds (68%) anticipated that their business would perform just as well – if not better – in quarter 3 of 2019.
 
When asked about the state of the Vietnamese economy, 58% of respondents predicted “Stabilisation and Improvement”, with around half as many (30%) anticipating a “Deterioration”, a figure consistent with the previous quarter. This positivity is echoed in the fact that around half of businesses plan to increase their headcount in the next quarter, with 43% planning to grow their investment in Vietnam and 64% anticipating an increase in orders.
 
Commenting on the BCI, Nicolas Audier, Chairman of EuroCham, said:
 
“European enterprises remain confident about doing business in Vietnam and optimistic about the future prospects of trade and investment in the country. Our Business Climate Index, in which hundreds of EuroCham members give us their opinion on Vietnam’s business climate, continues to show strong results. The most recent data, from quarter 2 of this year, saw a slight increase in positive sentiment from 79 to 80 percent on the previous quarter. And almost 70 percent of our members predicted that the outlook of their own company would be just as good – if not better – than the previous quarter. Not surprisingly, therefore, over half of respondents plan to recruit more staff and grow their business in Vietnam; creating more jobs and boosting investment in the process. Meanwhile, well over half of our members expected Vietnam’s business environment to continue improving in the near future.”

Please click here to view detail report

More News

See all

June 14, 2024

[Work @ EuroCham – CROPLIFE VIETNAM] COMMUNICATIONS & STEWARDSHIP SPECIALIST

Read more

June 14, 2024

EuroCham’s Green Growth Sector Committee drives sustainability dialogue at “ESG: From Ideas to Action” workshop

Read more

June 14, 2024

EuroCham Vietnam and EU Chamber of Commerce in China shed light on China+1

Read more

June 14, 2024

EuroCham and HCMC leaders meet to drive green economy initiatives at GEFE 2024

Read more

June 14, 2024

EuroCham welcomes IMF Delegation to discuss Vietnam’s economic landscape

Read more

June 10, 2024

EuroCham attends Vietnam Sourcing Expo 2024

Read more

June 07, 2024

EuroCham Vietnam Executive Director participates in annual EBO Worldwide Network meeting in Brussels

Read more

June 07, 2024

EuroCham voices business community priorities at key economic meeting with the Ministry of Planning and Investment (MPI)

Read more

June 07, 2024

EuroCham advocates for robust personal data protection as Vietnam shapes Data Protection Law

Read more

May 31, 2024

EuroCham Sustainable Finance Sector Committee (SFSC) hosts inaugural policy Dialogue on Sustainable Trade and Trade Finance

Read more

May 31, 2024

EuroCham meeting with the Ho Chi Minh City Customs Department

Read more

May 31, 2024

Prime Minister’s Advisory Council for Administrative Procedure Reform holds training program in Hai Phong

Read more

May 31, 2024

Luncheon with EU Delegation and DG INTPA highlights sustainable development opportunities

Read more

May 30, 2024

EuroCham’s Transportation & Logistics Sector Committee speaks at Hoa Sen University’s HCMC Logistics Forum

Read more

May 30, 2024

EuroCham Vietnam’s inaugural Tall Building Forum draws industry leaders and policymakers to explore the future of urban living

Read more

May 30, 2024

EuroCham Vietnam meets EU Ambassador to ASEAN to discuss priorities in EU-ASEAN Strategic Partnership

Read more

May 30, 2024

EuroCham insights shape policy discussions at ACCA Asia Pacific Dialogue 2024

Read more

May 29, 2024

[CORPORATE PARTNERS] BASF paves the way for young painters at WorldSkills Finals Lyon 2024

Read more

May 28, 2024

EuroCham insights shape policy discussions at ACCA Asia Pacific Dialogue 2024

Read more

May 24, 2024

EuroCham engages in the EU-Vietnam Research & Innovation Community Meeting

Read more

May 24, 2024

EuroCham participated in a consultation on Vietnam’s Direct Power Purchase Agreement Framework

Read more

May 24, 2024

Productive Dialogue at the Law on Standards and Technical regulations Consultation

Read more

May 24, 2024

EuroCham emphasises soft skills and sustainability training at a forum organised by the Ministry of Education and Training

Read more

May 24, 2024

[Sector Committee Spotlight] Transport and Logistics Sector Committee: driving Vietnam’s progress

Read more

May 22, 2024

[CORPORATE PARTNERS] BASF expands its biomass balance portfolio for selected chemical intermediates

Read more

May 22, 2024

[Work @ EuroCham] GEFE PROJECT OFFICER – based in Ho Chi Minh City

Read more

May 22, 2024

[Work @ EuroCham] CORPORATE RELATIONS cum MEMBERSHIP EXECUTIVE – based in Ho Chi Minh City

Read more

May 17, 2024

EuroCham convenes collaborative meeting with the EU Ambassador to Vietnam

Read more

May 17, 2024

Traditional Breakfast Commemorates Norwegian Constitution Day’s 210th Anniversary

Read more

May 17, 2024

EuroCham engages in Information Exchange Conference on Power Supply 2024

Read more

Pour une expérience optimale, veuillez tenir votre mobile à la verticale !

Platinum Partners

Gold Premium Partners

Gold Partners

Silver Partners

Premium Service Partners